Stimulus Plan Includes Tax Breaks: Stocks That Will Benefit [View article]
We've thus far heard many stories of who deserves what, and how bailing this person or group out will benefit everyone...how about the notion that no one deserves anothers property?
The bailout mentality has severe long term political and economic consequences. No one wants to lose, ever, but enabling risk takers to profit by pillaging the savings of others is immoral.
Many collectivists cling to the notion that their "investments" benefit all of society, but disproportionate gains dispell that notion. You cannot privitize gains and socialize losses for long before the clever learn how to bankrupt the entire system.
Stimulus Plan Includes Tax Breaks: Stocks That Will Benefit [View article]
The bailout mentality has severe long term political and economic consequences. No one wants to lose, ever, but enabling risk takers to profit by pillaging the savings of others is immoral.
Many collectivists cling to the notion that their "investments" benefit all of society, but disproportionate gains dispell that notion. You cannot privitize gains and socialize losses for long before the clever learn how to bankrupt the entire system.